Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Income Declaration Scheme 2016 – Government Issues Clarifications in the form of Fourth Set of Frequently Asked Questions (FAQs)

News and Press Release - Dated:- 14-7-2016 - The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Board has issued three s .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

., www.incometaxindia.gov.in later today. Queries have been received from various stakeholders whether the payment under the Scheme can be made out of undisclosed income without including the same in the income declared, thereby bringing down the eff .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n stated that the department will not make any enquiry in respect of sources of income, payment of tax, surcharge and penalty, it may be clarified that whether the payment under the Scheme can be made out of undisclosed income without including the s .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

of 2016 was limited to conduct of enquiry by the Department. It in no way intends to modify or alter the rate of tax, surcharge and penalty payable under the Scheme which have been clearly specified in the Scheme itself. Sections 184 & 185 of th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ng the fair market value of undisclosed immovable property as on 1st June, 2016 and pays tax, surcharge and penalty or ₹ 45 lakh (30 lakh + 7.5 lakh + 7.5 lakh) on the same out of his other undisclosed income. In this case the declarant will no .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version